This property looks like a bad Mid-Term investment with a projected -8.18% first-year return on $173k initial cash invested.
-8.18%
Cash On Cash
4.55%
Cap Rate
0.74
DSCR
$5,034
Rent
-$1,182
Cashflow
Cash Flow
$5,034 income − $6,216 expenses = $1,182 out of pocket
Investment Breakdown
|
Purchase Price
$740k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$173k
Downpayment
20%
$148k
Closing costs
1%
$7,395
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,034
Total Expenses
$6,216
Mortgage P&I
75%
$3,788
Property Taxes
9%
$455
Home Insurance
5%
$262
HOA
0%
$0
Property Management
12%
$604
CapEx
4%
$201
Vacancy
3%
$151
Maintenance
4%
$201
Other
11%
$554